Calix, Inc (NYSE:CALX) Receives $79.50 Average Price Target from Analysts

Calix, Inc (NYSE:CALX) has earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $82.00.

Several research analysts have issued reports on the company. Rosenblatt Securities upped their price objective on Calix from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Needham & Company LLC restated a “buy” rating and set a $82.00 target price on shares of Calix in a research report on Monday, November 24th. Roth Capital set a $85.00 price target on Calix and gave the company a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. upgraded Calix from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Calix in a report on Monday, December 29th.

Insider Buying and Selling

In related news, Director Carl Russo sold 420,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total value of $26,917,800.00. Following the transaction, the director directly owned 1,694,188 shares in the company, valued at $108,580,508.92. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of Calix stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $65.34, for a total transaction of $3,267,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 530,000 shares of company stock valued at $34,099,800 over the last ninety days. Insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Calix

A number of hedge funds and other institutional investors have recently made changes to their positions in CALX. CWM LLC increased its position in shares of Calix by 12.9% in the 3rd quarter. CWM LLC now owns 1,507 shares of the communications equipment provider’s stock valued at $92,000 after buying an additional 172 shares in the last quarter. LVW Advisors LLC increased its holdings in shares of Calix by 2.0% in the fourth quarter. LVW Advisors LLC now owns 9,655 shares of the communications equipment provider’s stock worth $511,000 after acquiring an additional 188 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Calix by 12.9% during the third quarter. GAMMA Investing LLC now owns 1,662 shares of the communications equipment provider’s stock worth $102,000 after purchasing an additional 190 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Calix by 4.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,194 shares of the communications equipment provider’s stock valued at $257,000 after purchasing an additional 190 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Calix by 1.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 13,400 shares of the communications equipment provider’s stock valued at $822,000 after purchasing an additional 200 shares during the period. 98.14% of the stock is owned by institutional investors.

Calix Stock Up 7.3%

Shares of NYSE CALX opened at $58.99 on Tuesday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of -491.53 and a beta of 1.55. Calix has a 12-month low of $28.60 and a 12-month high of $71.22. The firm’s 50-day simple moving average is $55.41 and its 200 day simple moving average is $57.53.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The company had revenue of $265.44 million for the quarter, compared to analyst estimates of $246.21 million. During the same period in the prior year, the business earned $0.13 earnings per share. Calix’s quarterly revenue was up 32.1% on a year-over-year basis. Calix has set its Q4 2025 guidance at 0.350-0.410 EPS. On average, equities analysts expect that Calix will post -0.43 earnings per share for the current year.

About Calix

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company’s flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.